More good news. /sarcasm off
http://thehill.com/homenews/house/77415-vulnerable-dems-want-extension-of-bush-tax-cutsTwo House Democrats in tough reelection races are asking Congress and President Barack Obama to extend the Bush administration tax cuts.
Reps. Bobby Bright (D-Ala.) and Mike McMahon (D-N.Y.) asked members in a “Dear Colleague” letter Thursday to support extending the tax cuts, which passed in 2001 and 2003 and are set to expire this year, for at least another two years. Specifically, Bright and McMahon are asking lawmakers to sign a letter to Obama asking him to include the tax cuts in his budget plans for 2010.
“Allowing these tax rates to expire during this recession runs the risk of curtailing economic expansion just when it begins to pick up and could lead to a ‘double dip’ recession,” says the letter to Obama.
In the letter to the president, the members say the Bush tax cuts should not be allowed to expire. That would put them in opposition to Obama’s stated plan of letting some of the tax cuts meant for the wealthy to expire while keeping breaks in place for the poor and middle class, consistent with his campaign pledge of not raising taxes for anyone making less than $250,000 a year.
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I have no words right now. Except that these two need to be wearing their corporate sponsor patches that we talked about yesterday.